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Segment information for the three months ended March 31, 2025 and 2024 are as follows:
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Three Months Ended March 31, 2025 |
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Workforce Solutions |
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U.S. Information Solutions |
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International |
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Total |
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(In millions) |
| Operating Revenue |
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$ |
618.6
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$ |
499.9
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$ |
323.5
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$ |
1,442.0
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Less: (1)
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| Cost of services |
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233.0
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232.7
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157.5
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623.2
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| Selling, general and administrative expenses |
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76.9
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98.2
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96.9
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272.0
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| Depreciation and amortization expenses |
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44.6
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63.3
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43.7
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151.6
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| Operating Income |
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$ |
264.1
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$ |
105.7
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$ |
25.4
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$ |
395.2
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| Reconciliation of segment operating income to consolidated income before income taxes: |
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| Unallocated amounts: |
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General corporate expense (2)
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$ |
(159.4) |
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Other income, net |
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2.5
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Interest expense (3)
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(52.9) |
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| Consolidated income before income taxes |
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$ |
185.4
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Three Months Ended March 31, 2024 |
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Workforce Solutions |
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U.S. Information Solutions |
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International |
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Total |
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(In millions) |
| Operating Revenue |
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$ |
602.8 |
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$ |
465.3 |
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$ |
321.3 |
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$ |
1,389.4 |
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Less: (1)
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| Cost of services |
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223.9 |
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213.9 |
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155.3 |
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593.1 |
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| Selling, general and administrative expenses |
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79.5 |
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102.4 |
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89.6 |
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271.5 |
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| Depreciation and amortization expenses |
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44.3 |
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56.4 |
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44.5 |
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145.2 |
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| Operating Income |
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$ |
255.1 |
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$ |
92.6 |
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$ |
31.9 |
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$ |
379.6 |
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| Reconciliation of segment operating income to consolidated income before income taxes: |
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| Unallocated amounts: |
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General corporate expense (2)
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$ |
(154.9) |
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Other income, net |
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1.6 |
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Interest expense (3)
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(59.7) |
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| Consolidated income before income taxes |
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$ |
166.6 |
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(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker ("CODM").
(2)General corporate expenses include corporate depreciation and amortization expenses that are not related to a specific business unit and are incurred at the corporate level, as well as unallocated costs incurred at the corporate level and those expenses impacted by the overall management and strategic choices of the company, including shared services overhead, technology, security, data and analytics, administrative, legal, restructuring charges to the extent reported in the period, and the portion of management incentive compensation determined by total company-wide performance.
(3)Interest expense includes interest incurred on our outstanding debt agreements.
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March 31, |
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December 31, |
| Total assets: |
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2025 |
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2024 |
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(in millions) |
| Workforce Solutions |
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$ |
4,098.6
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$ |
4,104.9 |
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| U.S. Information Solutions |
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3,416.6
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3,386.2 |
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| International |
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3,519.1
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3,451.6 |
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| General Corporate |
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820.5
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816.7 |
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| Total assets |
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$ |
11,854.8
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$ |
11,759.4 |
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Three Months Ended March 31, |
| Capital expenditures: |
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2025 |
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2024 |
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(in millions) |
| Workforce Solutions |
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$ |
20.3
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$ |
23.6 |
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| U.S. Information Solutions |
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26.4
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42.7 |
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| International |
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30.4
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30.1 |
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| General Corporate |
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24.1
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28.3 |
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| Total capital expenditures* |
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$ |
101.2
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$ |
124.7 |
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*Amounts above include accruals for capital expenditures.
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